CLOASCertificates of Land Ownership Awards (Philippines)
CLOASComputations Life Office Administration System (insurance industry)
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They were given CLOAs to the property formerly owned by the International Corporate Bank and Global Business Bank.
The CLOAs covered a total of 102,727 hectares from five regions, namely, Zamboanga Peninsula, Northern Mindanao, Caraga, Davao region and Soccsksargen.
A total of 58,387 CLOAs were turned over by the Land Bank of the Philippines to the Department of Agrarian Reform, which is mandated to release the land titles to 60,233 ARBs from five regions of Mindanao involving a total of 102,727 hectares.
The Davao Region CLOAs involved a total of 1,452 hectares which the government acquired and distributed to farmers, according to the Department of Agrarian Reform (DAR).
The President led the distribution of 12,548 CLOAs in Soccsksargen, which is expected to benefit 13,585 agrarian reform beneficiaries.
In a briefing paper, the DAR said having Cloas meant farmers would have unrestricted exercise of ownership and control of their land.
The CLOAs benefited 60,233 ARBs covering 102,727 hectares, said Secretary John Castriciones, who added that the distribution was pursuant to President Rodrigo Duterte's directive that ARBs in Comprehensive Agrarian Reform Program (CARP)-covered lands should be provided with titles.
At least 3,566 of these CLOAs cover an area of 6,679 hectares, which were included in the 24,000 hectares of land distributed by President Duterte and DAR Secretary John Castriciones in General Santos City on June 13, 2019.
Padilla said the parceling of collective CLOAs is the DAR's expression of support to the partnership in pursuit of the government's food security and poverty alleviation program as it helps "empower every farmer-beneficiary and spur rural development in the countryside."
Hundreds of landless Muslim, Christian and Lumad farmers in Maguindanao received CLOAs on Monday as beneficiaries of the Comprehensive Agrarian Reform Program.